XII. Cost Transfers - Grants and Sponsored Projects

Provision of timely, comprehensive and accurate reporting of the
fiscal status of an award is key to ensuring that correct
expenditures are applied to the award. These expenditures must be
allowable, allocable, reasonable ad within the term dates of the
award. Other sponsor specific restrictions may apply.

Although it is ultimately the Principal Investigator's
responsibility to ensure the fiscal and programmatic management of
an award of contract, the department budget coordinators facilitate
this endeavor by providing timely, comprehensive and accurate
fiscal reports of all awards and contracts. Errors should be
identified either by the budget coordinator or the PI within 30
days of posting, but no later than 90 days from posting for correct
journal entries to be created with a justification as to how the
error transpired. Should the identification of an error exceed 90
days, additional justification from the PI is required to be
attached to the journal entry.